Breadcrumb

News

Andersen acquires Canadian window manufacturer

Andersen Corp. purchased KML Windows, a Canadian-based manufacturer of custom architectural window and door products for the North American residential and light commercial market segments.

Terms of the transaction were not disclosed.

"This purchase expands Andersen's position in specialty windows and doors and is an important step in the company's plans to meet the full needs of our customers," said Jim Humphrey, Andersen COO. "In less than 20 years, KML has become an industry leader and has demonstrated several qualities that Andersen Corp. values, including a commitment to delivering top-notch customer service and producing high quality products. We're pleased to add the resources and talents of the KML organization, and we intend to build on both companies' strengths to provide Andersen and KML customers with the very best products on the market."

KML, with 250 employees, manufactures high quality custom windows and doors in shapes, sizes, options and performance features not readily available from most window and door manufacturers. The company established five distinct product lines to better promote specific products, features and options to targeted customers, including architects, builders and retail distributors in both coastal and non-coastal regions. In addition, KML, headquartered in London, Ontario, boasts a 100 percent on-time delivery record.

Andersen plans to operate KML as a wholly-owned subsidiary. Due to the fact that Andersen management believes it is already a successful, well-run business, Andersen said it expects to make very few changes to the existing operations of KML or its existing customer base. Going forward, Andersen will look for ways to leverage the synergies between the two organizations to achieve further growth.

Italian glass manufacturer Venini is once again in Italian hands. The company, which was acquired by Danish giant Royal Scandinavia in 1998 from the Gardini family, has been acquired by Italian Luxury, the company set up as part of a strategic alliance between Venice-based businessmen Giancarlo Chimento and Giuliano Tabacchi.Italian Luxury was assisted in the operation by Milan-based merchant bank Mediobanca.

Dr. L. Louis Hegedus, senior vice president, research and development for Atofina Chemicals, Inc., has announced that 24 researchers from the Company’s research center have been granted patents for 2000 and 2001 from the U.S.